MAY
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4.55% 2.3¢ melbana energy limited

Ann: Block 9 Alameda 2 Appraisal Update, page-555

  1. mwatts
    3,455 Posts.
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    16/08/23
    12:19
    Post #: 69368846
    alameda 3 directly impacts the production decision for A2. If A3 flows well and has the API hoped for, then A2 Field development will likely be put on Hold IMO.

    if the company now announces serious plans to develop A2 prior to A3 being properly tested, then changes plans again it is likely the market could see this as a negative due management constantly changing plans etc.

    it’s not hard, it’s just patience
    Last edited by mwatts: 16/08/23
    MAY Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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